Stantec (TSE:STN) (NYSE:STN) – Analysts at KeyCorp boosted their Q2 2018 earnings per share estimates for shares of Stantec in a research note issued on Tuesday, May 15th. KeyCorp analyst T. Afzal now anticipates that the company will post earnings of $0.58 per share for the quarter, up from their prior estimate of $0.57. KeyCorp also issued estimates for Stantec’s Q3 2018 earnings at $0.64 EPS and FY2020 earnings at $2.37 EPS.
Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.32 earnings per share for the quarter, missing the consensus estimate of C$0.46 by C($0.14). The company had revenue of C$805.00 million during the quarter, compared to analyst estimates of C$861.63 million. Stantec had a return on equity of 2.39% and a net margin of 1.40%.
STN has been the subject of several other research reports. TD Securities upped their price objective on shares of Stantec from C$36.00 to C$38.00 and gave the stock a “hold” rating in a report on Friday, May 11th. National Bank Financial reduced their price objective on shares of Stantec from C$37.00 to C$35.00 in a report on Friday, May 11th. CIBC raised shares of Stantec from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from C$36.00 to C$38.00 in a report on Friday, April 27th. Canaccord Genuity reduced their price objective on shares of Stantec from C$36.00 to C$31.00 in a report on Friday, February 23rd. Finally, Royal Bank of Canada reduced their price objective on shares of Stantec from C$40.00 to C$36.00 and set a “sector perform” rating for the company in a report on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Stantec currently has an average rating of “Buy” and an average target price of C$36.83.
STN stock opened at C$33.09 on Thursday. Stantec has a fifty-two week low of C$30.24 and a fifty-two week high of C$37.13.
In other Stantec news, Director Scott Lynn Murray purchased 4,000 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was bought at an average cost of C$25.15 per share, with a total value of C$100,600.00. Also, Director Valentino Dimanno purchased 1,552 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was acquired at an average cost of C$32.20 per share, with a total value of C$49,974.40. Insiders acquired a total of 6,437 shares of company stock valued at $175,332 over the last three months.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 12th. Shareholders of record on Friday, June 29th will be issued a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Thursday, June 28th.
Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through four segments: Consulting Services ? Canada, Consulting Services ? United States, Consulting Services ? Global, and Construction Services.
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